Jeff Whiteheart Practice questions - ExcelFileHomeInsertDrawPage LayoutFormulasDataReviewViewHelpTell me what you want to doX CutCalibri11Wrap TextGeneralà Copy -BIU -PasteConditi= E E Merge & Center -$ %* Format PainterFormattCipboardFentAligrmentNumberP11BEFAva Inc. had the following transactions on its inventory during 2021. Ava uses perpetual inventorysystem. Ava started the year with 300 units of inventory at a cost of $19.234 DateUnit PurchasesSelling PricePrice per unit$20Unit Sales5 March5006 Аpril7 Junie650$21B00$308 August$322009 September700$2210 November550$331112 Required:13 a. Calculate the total cost of goods sold for the year 2021 using perpetual moving average.14 b. Calculate ending inventory using perpetual moving average.1516171819207122232425762721 25 mins2 25 minsQ3 15 mins(24 15 minsQ5 15 mins26 25 mins(+)ReacyAccessibiity: Investigate

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The inventory can be valued using various methods as FIFO, LIFO and weighted average method. Using…

Business

Accounting

Ava Inc. had the following transactions on its inventory during 2021. Ava uses perpetual inventory system. Ava started the year with 300 units of inventory at a cost of $19. Unit Purchases Price per unit $20 Unit Sales Selling Price Date March Аpril June August September November 500 650 $21 B00 530 $32 200 700 $22 550 Required:

Ava Inc. had the following transactions on its inventory during 2021. Ava uses perpetual inventory system. Ava started the year with 300 units of inventory at a cost of $19. Unit Purchases Price per unit $20 Unit Sales Selling Price Date March Аpril June August September November 500 650 $21 B00 530 $32 200 700 $22 550 Required:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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